Topic: A person who won 600k$ in lottery - page 5. (Read 2430 times)

I've also experienced this several times before. I don't think that he can return the money as quickly as he promised, especially after he got the money, he didn't contact me again. That's when I finally learned that a friend not very close to us cannot always be trusted. Ultimately, I wouldn't lend money to someone I didn't know well and would say that I don't have any money. So when we win the lottery, we should not tell anyone except our family to avoid things we don't want. Besides that, saving money will be better and keep us away from people who want to borrow money.

I experienced once that a friend asked for loans because he was suffering (it was my university/campus era). We four friends gave him some amount of money but in return we realized he was literally planning a holiday at Mediterranean coastal region at my country. It was my last loan experience. I only give money to people I love. Otherwise no loans given. I tell people that ask money to get a loan from a bank. Even if I win lottery I would do same.

It is true that when we see the big lottery winning prize, the more people are interested in getting it and the less likely they are to win that lottery. Even though lottery depends on luck but still people's interest in lottery does not decrease a bit. Because there is a chance of getting a life-changing fortune if the luck turns out to be good once in a lifetime. Although the number of such lucky people is limited, the number of people who buy the lottery is not limited.

It depends on how a person will use that money after winning the lottery but after winning 600k dollars he will definitely try to invest in a good business or any other investment so that he can get a reliable and regular income.

I just learned this recently, my experience says just don't lend money in first place to people. It's unnecessary trouble.

That would be a reasonable approach about how to deal with those unexpected profits, but lottery winners hardly do this, and we know this is true as the majority of them end up bankrupt a few years after winning the lottery and in fact many wish they never won it, however what this demonstrates is how weak are the money management skills of most people, as even if that amount may not be much in countries like the US, that is an absolute fortune on many countries, big enough to make your life way easier or maybe even retire thanks to it.

It is true that you said this, and I agree with it. Our times are still tough today, and everyone around the world is trying to find a way to make a living. And until now, there are still many people who suddenly approach you when they find out that you have money or that you are higher than them.

Especially when you get to the point where you won the lottery, there are people who are not close to you, and suddenly they say that you are close to each other. That's when you can see the intention of why they do that, while when you had no money, you were hardly known.

So in this story, I can say that it's good that the lottery winner was able to recover from the apartments he bought.

That's why it doesn't take many people to know that we like to gamble and play the lottery, it's hard to explain to our friends if we win big money there, especially since they will definitely take advantage of us when we win big money, thankfully I gamble not many people know and even friends My close friends never know I play online gambling or play the lottery so my winnings are easier for me to enjoy with my family and wife. lol

It is true that winning the lottery is a blessing, so to be able to manage the winning money we also need a financial advisor who can be trusted to manage our finances so that they are not used for useless things, there is no harm in spending money to pay someone who can be used as a financial advisor so that we can control money properly from big winnings from lottery or any gambling.

A huge jackpot or money to win is equal to a low chance of winning it. With that amount to win your chances to win it are very low and it will take you forever to win it unless you get lucky and your number or your ticket wins but even with the low probability of winning people still take the chance since you still have a chance to win it even if it is very small.

Why do we deposit it in the bank if we can try to build a business on it? That is really huge money. You can start a business on it or you can buy real estate. That is the time that you'll be investing in assets as they can give you passive income and you won't be losing your winnings.

It is a common fact that if a person win a lottery and his family heard about it then they will surely ask for the money but the money of lottery is not enough always.

If a person is poor and win the lottery in a form of huge money then everyone starts respecting him because it is a fact that money attracts relationships.

Winning a lottery is not a curse but its a blessing but you have an ability that how to work with it and how to answer your relatives that your money remains save and your relationships also remains better.

Wars can also affect the price of the real state investment whether the war is versus other countries, or inside the country just like what happened in other parts of the world where they are forced to sell it cheap or some of them didn't even bother to get back and scrap their lands because of how dangerous it is. Therefore, it goes back again to which country you are currently residing in because, in some other countries, Gold and Land are not recommended for investment and bitcoins are the only choice to have.

Yup, lottery is where this kind of winning that you can have when you gamble. If you are lucky and you manage to pick the right sets of numbers, then expect to earn this huge amount of money.

But I think there are other things that you can use your money, instead of putting it all in the bank and earn interest
better to find good investment and businesses that will allow you to earn from the money that you win, very practical
to find ways of making more money instead of using it in a luxury way of life.

I've heard that people who get in the habit of participating in lotteries will not stop participating even if they manage to win a significant amount from it because just like gambling, a person can also get addicted to lotteries, and those who get addicted might spend most of the money they've won in lotteries maybe hoping to get another win but it is all about one's luck and the number of tickets one buys doesn't determine whether they will win or lose.

If I talk about myself, I would probably think of starting a business before everything else, because I know that a profitable business can make you able to do almost anything you want in the world, you can make investments in crypto, stocks, and buy whatever you want with the revenue that the business will be generating.

The lottery only give huge win like this,their was many game in the gambling.But not all the game will give the gambler like 600k as the winning amount.This 600k win will be the desire of the many of the gamblers,but the fact is only who had the luck will win this big amount.Because if the gambler make this 600k in the fixed deposit,he may get good interest.If we consider the bank giving them 5% for the money,So he will get 30k dollars as the interest in the regular basic.The interest can be used in the trading and multiple to many ways and used for the individual benefit of their life.

It is very true but it is worth highlighting something, that if a person earns all this in lottery shops, but has a low culture and financial education, what he will do is spend more and more, at some point he will spend everything and be left with nothing, that is why it is always good that a person who has so much money think about what can be invested so that you can generate more money than you have, investments can be the solution without a doubt, because it is a way to take risks but what can you have more money, or else nothing? leave a good part in bitcoin, yes, buy bitcion because there you will not have losses, especially now that it has gone down a little and you can do much more with that money, in this order of ideas we would think that we would do it they can do that that,. A person with that amount of money can say that he can fix his life, he can do it, 'he can buy the house that has always been left, a good car, travel, but he does it in moderation.

We at times might think that the only way to Invest is to buy altcins, or cyrpto, I would say Bitcion and buying gold, buying Real Estate is a way to protect my money , apart from having it in other things, it is like laying eggs in several baskets so that if one goes , I have the others, I could also have a business where I could be analyzed not to see how I'm doing, but to put myself to work, I would also like to buy a hotel, because in monopoly something very true is said for each 4 houses to buy a hotel, and that is a chaos that will always make money, we must always think about that, then with little money you can travel around the world every year if you want, and if you have the opportunity, you should buy at least one. 10 bitcoin and raise the bitcoin to $100k then recover everything at once, so this is something that is useful to us, but what do you see then is a person who doesn't know much to buy bitcoin and keep it there Until it rises well It's the Smartest thing you can Do.

Actually, when we talk about the desire to get a big jackpot from gambling, even if it is a lottery bet, almost all gamblers want it, but it is very difficult to get a big jackpot, even in lottery it is very difficult to get a big win because this lottery bet really only depends on luck, like this thread. when someone is very lucky to get a jackpot of 600k, while a lottery bettor has been buying lottery tickets for a long time, even almost every day for several years and has never gotten the jackpot as you said.

With this in mind I can take the hidden meaning here that everything depends on the level of luck of each gambler.
But it would be very interesting if we occasionally bought lottery tickets for a small amount every day to try our luck because no one would have thought that one day luck would come to us.

This is so that we can continue to make money even though we are no longer productive at age. If our investment can run well every year and we can get a steady income, that will help us survive, especially if it can become a source of passive income for us later. Everyone will want to enjoy a passive source of income. After all, they don't need to work anymore because they already have the resources. That's why we have to be able to get it, especially if we can win the jackpot prize from the lottery.

Yes, we don't need to quit gambling, but it would be better if we could think twice about leaving gambling after getting a big win from the lottery. We have to be able to think that we will not always be able to get the jackpot again because it is a difficult thing to get. And while we are still or have been able to win the jackpot, we must be able to leave gambling for a while while preparing other sources of income.

Yes, that often happens to lottery winners who can't use their money well. Instead, they spend their money lavishly by having fun and buying expensive things. It was all to show his surroundings that he now had so much money that his life had changed completely. But it's all useful when they have little or no money left and their lives return to how they used to be.

What I could conclude is relating it to the case of riches in the hands of fools, they often waste it and get back to their former status pretty quick. It will be so bad and heartbreaking for someone to win as big as $600k and still become poor over a little while, this shows such a person is not wise and it's even annoying to me to think it alone. In a world where you can invest in many things, there are real estate and other properties you can purchase even if you do not have a business sense. You can invest in companies to earn about 20% per annum, and you can buy shares of companies and even open a business and let people manage it for you while you supervise it.

Advice: If anyone earned such big money, carrying girls, cruising around, and sleeping in hotels and yachts are not the solution, but to invest and get the best out of the money to make more money and never run dry of it again.

There's a chance of natural disaster e.g. earthquake, this will make your land or property price will suddenly drop because it's not safe or even can't be used to live. Rather than real estate, it's better to invest either gold or Bitcoin.

Your money can be used to learn a new skill or study more in order to get a bigger chance to earn more money.

Business or investment that can be used as long-term savings must always be prioritized and become the most priority thing for everyone to have so that in the future life can be more secure and established because without thinking about doing business or investing we cannot have a guaranteed income for guarantee life in the long.
But that doesn't mean we have to leave gambling because we are wise not to use it as a place to find a source of income but as a place to entertain ourselves and have fun. When we can have a business or investment that is quite worthy then indirectly we can have self-limiting attitudes towards gambling decided and coming to the casino is just to have fun.

But from the many experiences of someone who wins a large amount in the lottery and changes his life to shopping for everything he wants it ends in an extravagant attitude of having fun and always doing fun activities by spending a large budget until in the end bankruptcy occurs.
This is not just nonsense but based on true stories that have happened out there.

This is the reason why financial management should be learned and practice in the first place. By allocating big funds for those who can provide huge profits in the future, and smaller funds for those wants that are actually not necessary at all. If you can be wise in spending your wealth, it won’t run out in the end but will eventually continue to grow until you see yourself finally living your life’s goals. Winning in a lottery is actually a blessing and might not be happening to you again so you need to utilize those funds cautiously and wisely.